Great American Stocks to Buy – Apple (AAPL)
Is it cliche by this point to say Apple (AAPL) is one of the quintessential American stocks to buy?
Of course it is, but that doesn’t mean it’s not an accurate assessment.
Apple’s iPhone line is the most popular single brand of smartphones sold in the U.S., and though the technological leaps between each release of the iPhone are getting smaller, demand for each iteration of the smartphone somehow seems to be bigger than it was for the prior version.
That’s not the only reason Apple belongs on a list of American stocks to buy, however. There’s outright value here. Even with the 36% run-up for AAPL stock over the past 12 months, shares are still valued at a palatable trailing price-to-earnings ratio of 15.7.